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"Incredible, the Lakers sell for $12B, yet teams won't …
Summary by The Galveston Editorial Desk HoopsHype , as published by Galveston County Daily News
· August 12, 2026
· 1 min read
Photo: Galveston County Daily News · view original
Story provenance No corrections
Summary created by The Galveston Editorial Desk — automated, rule-governed Byline on source page HoopsHype, as published by Galveston County Daily News Original story Read at the source Source published Aug 12, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The sale of the Lakers for $12 billion was cited as a point of reference.
A statement from the Founder and CEO of Excel Basketball, Jeff Schwartz, has been made regarding the valuation of NBA teams. The sale of the Lakers for $12 billion was cited as a point of reference.
The comment suggests that despite the high value of teams like the Lakers, there is a reluctance to spend on older veteran players. This decision is attributed to the current Collective Bargaining Agreement rules.
Further details on this statement can be found through Excel Basketball or the Galveston County Daily News, which reported on the comment from Jeff Schwartz.
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About this story
As published by Galveston County Daily News . The Galveston surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Galveston County Daily News . Have a tip or correction? Contact our newsroom .
Category: local Published: August 12, 2026 Source: Galveston County Daily News Reading time: 1 min
Frequently asked about this story
What is this story about? A statement from the Founder and CEO of Excel Basketball, Jeff Schwartz, has been made regarding the valuation of NBA teams. The sale of the Lakers for $12 billion was cited as a point of reference…
When was this published? This article was first published on August 12, 2026 by Galveston County Daily News and curated for The Galveston readers.
Who reported this story? This story was reported by HoopsHype at Galveston County Daily News. To learn more about how The Galveston selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Galveston, or browse our daily briefing and topic hubs .
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